While endorsing an “individual mandate” Newt was paid over $30 million by the health care industry over 8 years.
Maybe he and Cain can go drink beers back in the 2nd tier saloon.
Erin Burnett worked alongside Mark Haines on Squawk on the Street on CNBC for years. Haines always struck me as a decent human being and one who took little BS. His longtime partner and protege has a similar vibe. Now she is at CNN. If she does more stories like this I might actually click over th CNN once in a while.
The story is about the “legal graft” story that ignited a week ago when Perter Schwiezer’s book Throw Them All Out was featured on 60 Minutes. In case you haven’t heard it is legal for members of Congress to trade on inside information.
The story focuses a good bit on Newt Gingrich and his work as a lobbyist for Freddie Mac. He only got 1.8 million for that. What is particularly interesting is Newt’s endorsement of the “individual mandate” during the time he was working for The Center for Health Transformation. He got over $30 million for that work.